Foster & Motley Inc. Has $4.90 Million Stock Holdings in Cognizant Technology Solutions Co. (NASDAQ:CTSH)

Foster & Motley Inc. raised its stake in Cognizant Technology Solutions Co. (NASDAQ:CTSH) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,670 shares of the information technology service provider’s stock after purchasing an additional 3,520 shares during the period. Foster & Motley Inc.’s holdings in Cognizant Technology Solutions were worth $4,896,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CTSH. Graypoint LLC raised its position in Cognizant Technology Solutions by 2.9% during the fourth quarter. Graypoint LLC now owns 4,795 shares of the information technology service provider’s stock valued at $369,000 after purchasing an additional 134 shares in the last quarter. Sandy Cove Advisors LLC boosted its stake in shares of Cognizant Technology Solutions by 3.2% in the 4th quarter. Sandy Cove Advisors LLC now owns 4,336 shares of the information technology service provider’s stock valued at $333,000 after purchasing an additional 135 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Cognizant Technology Solutions by 47.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 454 shares of the information technology service provider’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Ritholtz Wealth Management increased its position in Cognizant Technology Solutions by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 8,704 shares of the information technology service provider’s stock worth $669,000 after purchasing an additional 183 shares in the last quarter. Finally, Addison Advisors LLC lifted its stake in shares of Cognizant Technology Solutions by 127.7% in the 3rd quarter. Addison Advisors LLC now owns 337 shares of the information technology service provider’s stock valued at $26,000 after acquiring an additional 189 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CTSH shares. Barclays upgraded shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $95.00 in a report on Tuesday, December 17th. Robert W. Baird increased their target price on shares of Cognizant Technology Solutions from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. TD Cowen boosted their price target on shares of Cognizant Technology Solutions from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Mizuho increased their price target on Cognizant Technology Solutions from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, StockNews.com lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Fifteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $81.19.

Insider Activity

In other Cognizant Technology Solutions news, CAO John Sunshin Kim sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $80.11, for a total transaction of $400,550.00. Following the completion of the transaction, the chief accounting officer now owns 39,022 shares in the company, valued at $3,126,052.42. This trade represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

Cognizant Technology Solutions Stock Performance

Shares of CTSH stock opened at $81.19 on Thursday. Cognizant Technology Solutions Co. has a 52 week low of $63.79 and a 52 week high of $82.46. The firm’s 50-day simple moving average is $78.94 and its two-hundred day simple moving average is $77.11. The firm has a market cap of $40.26 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.23 and a current ratio of 2.23.

Cognizant Technology Solutions (NASDAQ:CTSH) last posted its quarterly earnings results on Wednesday, October 30th. The information technology service provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. Cognizant Technology Solutions had a net margin of 11.60% and a return on equity of 17.08%. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. Cognizant Technology Solutions’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that Cognizant Technology Solutions Co. will post 4.66 earnings per share for the current year.

Cognizant Technology Solutions Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.